On october 1, benji's bicycle store had an inventory of 20 ten speed bicycles at a cost of $200 each. during the month of october, the following transactions occurred. oct. 4 purchased 40 bicycles at a cost of $200 each from monroe bicycle company, terms 1/10, n/30. 6 sold 25 bicycles to team wisconsin for $330 each, terms 2/10, n/30. 7 received credit from monroe bicycle company for the return of 2 defective bicycles. 13 issued a credit memo to team wisconsin for the return of a defective bicycle. 14 paid monroe bicycle company in full, less discount.